Japan’s Rakuten plans to raise around $2.2 billion via new share issue: report

Japan’s Rakuten Group Inc is finalising plans to raise about $2.2 billion by issuing new shares, according to two people, in the e-commerce company’s latest move to shore up its finances after years of losses from its mobile business.

Rakuten’s board could meet as early as this week to decide on the capital raising, according to one of the people.